Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
VIC › Mirboo North › Grand Ridge West Rd
$502,000
Last sold
22 Apr 2022
3
Bedrooms
1
Bathrooms
4
Car spaces
1,396 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$502,000
22 Apr 2022 · derived via latest_sale
Local land rate: recorded House sales in Mirboo North (last 5 years) with land size have a median of $584/m² of land (n=62). Districts calculation from recorded sales — not a valuation.
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Vs Mirboo North
+8.8%
Median sale
Suburb $461,500
-0.40 pp
Gross yield
Suburb 4.86%
Suburb median $461,500 from 14 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $431/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Mirboo North at a glance
2,214
People
$461,500
Median sale
$431/wk
Median rent
4.86%
Suburb gross yield
Median sale from 14 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by SEJ Real Estate LeongathaCraftmanship at its best with this thoughtfully built and much-loved home.
Set on a large 1396m2 block with established garden providing privacy and colour with plenty of room for your own vegetable garden and hen house.
This home has been built with beautiful, Australian White Cyprus / Murray Valley Pine with featured double brick west wall and verandas that draw you into this charming home. Exposed beam ceilings, pine lined throughout (so no painting ever!) and Solomit Acoustic ceilings throughout thus providing natural thermal insulation and reduces sound noise.
Inside the timber kitchen offers electric oven with gas cook top, Bosch dishwasher, double sink, and neat corner pantry, set alongside the dining room with windows capturing the northern aspect and sunshine.
The living area to the front of the home is spacious and has recently had glass double doors installed between the kitchen, dining space, allowing the choice to have this space open or separated. In winter enjoy the Norseman wood heater along with a reverse cycle air conditioner for comfort and ease when required.
The master bedroom adjoins the family bathroom providing dual access use. The 2nd and 3rd bedrooms both have built in robes.
The bathroom with shower, separate bath, and basin adjoins the laundry with separate WC room. Externally under roofline is the double drive through carport, with an additional outdoor mudroom/ washroom with second toilet and a fully lined storeroom, a great space that could easily be converted to a bedroom or office.
Out in the yard to the rear of the block is a double garage, workshop space, small vegetable garden and some fruit trees amongst the relics of the hen house.
Earthy, raw, and natural timbers throughout this home, with lovely veranda space for outdoor entertaining , this truly clever and unique home offers the next custodian an opportunity to enjoy, expand and love the home that George built.
Walking distance to the schools, a variety of shops and cafes, beautiful Baromi Park that offers monthly craft & produce markets and the great sporting facilities this wonderful township of Mirboo North offers including access to the Grand Ridge Rail Trail. 25 minutes to the Latrobe Valley, 20 min. to Leongatha and under 2 hrs. to Melbourne. Call Irene Walker at SEJ Real Estate to discuss further and arrange a personal inspection.
Listing description written by Irene Walker, SEJ Real Estate Leongatha — reproduced as published, not verified by Districts.
Also look at
92 Baromi Road Baromi, Mirboo North VIC 3871
4-bed house for sale. Asking $770K.
19 21 Thorpdale Rd, Mirboo North VIC 3871
0-bed land. Asking $550K–$595K.
6a Peters St, Mirboo North VIC 3871
4-bed house for sale. Asking $749K.
6b Peters St, Mirboo North VIC 3871
0-bed land for sale. Asking $333K.